Free Trial

Bears Need Close Below............>

AUSSIE-KIWI TECHS
AUSSIE-KIWI TECHS: Bears Need Close Below NZ$1.0824
*RES 4: NZ$1.1019 - 55-DMA
*RES 3: NZ$1.1014 - 100-DMA
*RES 2: NZ$1.0969 - 21-DMA
*RES 1: NZ$1.0908 - Hourly resistance Jan 11
*PRICE: NZ$1.0909 @ 2030GMT
*SUP 1: NZ$1.0895 - Low Jan 15
*SUP 2: NZ$1.0835 - 200-DMA
*SUP 3: NZ$1.0824 - Monthly Low Sept 21
*SUP 4: NZ$1.0798 - 55-WMA
*COMMENTARY: The 55-DMA confirmed significance having capped the recovery from
Dec lows and seeing focus back on NZ$1.0724-1.0858 where the 200-DMA and key
WMAs are situated. Failure to take out the 200-DMA is less than ideal for bears
but bulls continue to look for a close above the 21-DMA to gain breathing room
and above the 55-DMA to regain control and target 2017 highs once again.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.